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Oct 2, 2012
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governor romney leads when it comes to the handling of the budget deficit. however, the president is ahead on every other issue including health care and national security. we have team fox coverage. carl cameron has the latest from the romney campaign. first, we go to ed henry in las vegas. what do we know about the president's debate prep? >>reporter: they have tried to keep that quiet. we have spotted senator john kerry who is playing mitt romney in the mock debate sessions for the president in the las vegas area. he has been spotted in the lobby of the hotel, with reading glasses and a pile of papers, going through this like it is a final exam and researching every last bit. the president, when he delivered pizza to campaign volunteers to show he has a calm, cool image headed into the debate, he made clear he also things this is like a final exam. he has been holed up, long hours, inside, dealing with a big workload. >> it is all very nice. although they keeping me indoors all the time, that is a drag, they are making me do my homework. >>reporter: the p
governor romney leads when it comes to the handling of the budget deficit. however, the president is ahead on every other issue including health care and national security. we have team fox coverage. carl cameron has the latest from the romney campaign. first, we go to ed henry in las vegas. what do we know about the president's debate prep? >>reporter: they have tried to keep that quiet. we have spotted senator john kerry who is playing mitt romney in the mock debate sessions for the...
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Sep 28, 2012
09/12
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their first game of the week investors were encouraged by spain taking tough measures to reduce its deficit one of the worst in euros known the doll produced 7 points higher while the nasdaq was up 42 points. american airlines says it will take its pilots union to course unless the union and its job action is accusing them of fighting back by filing more maintenance complaints to cause flight delays and cancellations and had a surge of cancel late flights since the beginning of the month pean says there is no slowdown but the union is angry over the company's decision to use bankruptcy protection to impose new work and payrolls. gaea quakes that have been hundreds of flights canceled. >>> picture is the season of giving and face that is getting into the act. did police they spoke as the king paid by thinking small the social media said started a new feature that will allow users to send small real life gives to their face but friends such as a copyright pastry or even stocks was a face of revenue comes from display advertising and it does get a% of each sale which if enough of these books 1
their first game of the week investors were encouraged by spain taking tough measures to reduce its deficit one of the worst in euros known the doll produced 7 points higher while the nasdaq was up 42 points. american airlines says it will take its pilots union to course unless the union and its job action is accusing them of fighting back by filing more maintenance complaints to cause flight delays and cancellations and had a surge of cancel late flights since the beginning of the month pean...
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Sep 28, 2012
09/12
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i think it is key to solving the deficit problem. the tax plan that i would love someone to put forward, and i'm not sure anyone has, is lower every rate and close every loophole. lower every rate on businesses. yes, on millionaires and billionaires. close all the loopholes, which generally favor the wealthy. they favor the large corporations. what that would do, obviously, is broaden the base. but it would help small businesses. >> absolutely. who are paying the ordinary income tax rate. if it goes up, they're really getting the short end of the stick here. the small businesses, which is the problem. >> the job creation engine. >> exactly. thank you so much. carly fiorina, robert frank. so how long do you think this will last if it is really true? zillo pegged the value of this detroit suburban home at only $52,000 this morning. this house, of course, is where police think notorious teamster's boss jimmy hoffa is buried. we'll have the latest on the big dig that has the nation gawking. >>> then i'll speak with the man who heads up o
i think it is key to solving the deficit problem. the tax plan that i would love someone to put forward, and i'm not sure anyone has, is lower every rate and close every loophole. lower every rate on businesses. yes, on millionaires and billionaires. close all the loopholes, which generally favor the wealthy. they favor the large corporations. what that would do, obviously, is broaden the base. but it would help small businesses. >> absolutely. who are paying the ordinary income tax rate....
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Sep 28, 2012
09/12
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those who believe they want bigger government, more intrusive government, deficits as far as the eye can see will vote for him. those who think we should encourage economic growth, promote small business, and create more jobs will vote for me. >> the first debate will take place next wednesday night in denver. >>> president obama is urging patients when it comes to this country's economic recovery. he spoke of what he calls an economic patriotism during a rally yesterday in virginia beach. >> an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. i won't pretend that getting there is easy. the truth is it's going to take a few more years to solve challenges that were building up over decades, but i want everybody here to understand our problems can be solved. our challenges will be met. >> the president will hold campaign events here in washington. >>> pick up the pace. that's d.c. council mayor marion berry's demand to council members investigating the 2010 campaign of vincent gray. he also accused prosecutors of dragging
those who believe they want bigger government, more intrusive government, deficits as far as the eye can see will vote for him. those who think we should encourage economic growth, promote small business, and create more jobs will vote for me. >> the first debate will take place next wednesday night in denver. >>> president obama is urging patients when it comes to this country's economic recovery. he spoke of what he calls an economic patriotism during a rally yesterday in...
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Sep 28, 2012
09/12
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. >> trillion dollar deficits, that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> more than half the country has already started early voting. the first presidential debate on wednesday in denver. >>> the newest nobel peace price laureate will be right here in the bay area this weekend. she is a leader who is outspoken and a critic of the myanmar military. this marks her first visit to the u.s. since 1971. she will be speaking at the san francisco freedom forum this evening. tomorrow she'll address a crowd of about 5,000 at the university of san francisco. while both event are sold out, they're also being streamed online. >>> now reports that apple founder steve wozniak wants to become an australian citizen, scott mcgrew had to find out for himself. >> you met him at the airport. >> reporter: a reporter probably the last thing hematomaed to see but he was grarks, woz aullways is. he just asked we not videotape the conversation. the apple co-founder seen here in file video told me he's spending a lot of money appl
. >> trillion dollar deficits, that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> more than half the country has already started early voting. the first presidential debate on wednesday in denver. >>> the newest nobel peace price laureate will be right here in the bay area this weekend. she is a leader who is outspoken and a critic of the myanmar military. this marks her first visit to the u.s. since 1971. she will be...
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Sep 27, 2012
09/12
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. >> so i'm looking forward to working with republicans to reduce our deficit, but i refuse to ask middle class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut. we're notoing to do that. >> mitt romney seems to have a lot of ground to make up in ohio. he trails the president by ten points in a new poll of ohio voters. >>> we're learning about a frightening incident that took place while the president was campaigning in ohio earlier this month. federal agents detained a man whom they say ran through a roadblock while carrying several weapons. the incident happened in covington, kentucky. his motorcade passed through on the way to cincinnati. the government says the man in custody has a lengthy criminal record and had been declared mentally nil the past. >>> montgomery county police investigating a shooting in gaithersburg. chopper 4 flew above the scene. the shooting happened about 10:00. police say the man was shot several times, then walked to a nearby cvs and collapsed. at last check, the victim was still in the
. >> so i'm looking forward to working with republicans to reduce our deficit, but i refuse to ask middle class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut. we're notoing to do that. >> mitt romney seems to have a lot of ground to make up in ohio. he trails the president by ten points in a new poll of ohio voters. >>> we're learning about a frightening incident that took place while the president...
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Sep 27, 2012
09/12
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ohio with some board behind them with numbers and saying how it's a moral obligation to reduce the deficit, just ask them, well, explain how the numbers work. >> then the president turned his own gaffe into a hit on romney. >> i want to see us export more jobs. export more products. excuse me. i was -- i was channeling my opponent there for a second. >> this morning the big news is from the obama campaign. they are out with a two-minute television ad that to many will look like a campaign closure spot if you will and the campaign believes frankly that for many voters it is the closing days before voting. voters in 30 states are already eligible to vote. this ad is the last thing the campaign wants the people to see before the debates. this ad airs in colorado, florida, iowa, nevada, new hampshire and virginia. not north carolina or wisconsin. take a look. >> during the last weeks of this campaign there will be debates. speeches. and more ads. if i could sit down with you in your living room or around the kitchen table, here's what i would say. when i took office, we were losing nearly 800,
ohio with some board behind them with numbers and saying how it's a moral obligation to reduce the deficit, just ask them, well, explain how the numbers work. >> then the president turned his own gaffe into a hit on romney. >> i want to see us export more jobs. export more products. excuse me. i was -- i was channeling my opponent there for a second. >> this morning the big news is from the obama campaign. they are out with a two-minute television ad that to many will look...
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Sep 29, 2012
09/12
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>> he is talking about the economy, talking about the deficit, talking about four years of president obama would be detrimental to the country. it's pretty plain and simple. president obama and republican nominee mitt romney are laying low today because they're getting ready to prepare for the debate, so it's the number 2s on the campaign trail. right behind me here, here's paul ryan stumping here in new hampshire, a crucial battleground state. when he's done here, he goes to ohio later today. another very big important battleground state. and that's the whole idea here, as the president and mitt romney get ready for the debate. paul ryan and vice president joe biden are on the campaign trail. specific new hampshire. the race here is kind of close. the most recent poll shows president obama with a five-point advantage over mitt romney. definitely a very close contest here in new hampshire. this is a state that may not know paul ryan very well, but knows mitt romney very well, who was governor of neighboring massachusetts. he owns a vacation home here in new hampshire. spends a lot of
>> he is talking about the economy, talking about the deficit, talking about four years of president obama would be detrimental to the country. it's pretty plain and simple. president obama and republican nominee mitt romney are laying low today because they're getting ready to prepare for the debate, so it's the number 2s on the campaign trail. right behind me here, here's paul ryan stumping here in new hampshire, a crucial battleground state. when he's done here, he goes to ohio later...
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Sep 28, 2012
09/12
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unveiling a 75% supertax rate for the wealthy as part of the eurozone country's plan to bring down its deficit. so which other countries have super-high tax rates? and what are the implications here in the u.s., robert frank? >> reporter: well, franco francois allan brought bad news for the french today. this increases their tax rate from 48% to a whopping 75% income tax rate. this would apply to people who make more than 1 million euros a year. and france now by far has the highest income tax in the world. if you look at this chart you see france there at number one, second place is aruba followed by sweden, 56%. then the u.s. way down on the ranks at number 35. sort of in the middle of the whole list with its again 35% top tax rate in the u.s. early estimates said this 75% tax rate would only affect around 30,000 taxpayers. but i've been on the phone with a lot of french tax lawyers this morning. they said the number's far lower. maybe only 2 to 3,000 people in france would actually pay this tax. the reason is that this tax really only applies to salary and ordinary incomes. it doesn't apply
unveiling a 75% supertax rate for the wealthy as part of the eurozone country's plan to bring down its deficit. so which other countries have super-high tax rates? and what are the implications here in the u.s., robert frank? >> reporter: well, franco francois allan brought bad news for the french today. this increases their tax rate from 48% to a whopping 75% income tax rate. this would apply to people who make more than 1 million euros a year. and france now by far has the highest...
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Oct 1, 2012
10/12
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the europeans roaring bang from a 10-4 deficit late saturday to take a tuning 14 1/2 to 13 1/2 point win. germany's martin kaymer sank a putt on the final hole to seal the victory. honestly it was all lost well before that. europe has won the seven out of the last nine ryder cups. and soledad i don't know if you had a chance to watch this debacle. a debacle embarrassing. >> yes, it was killing my poor husband. all right, john, thank you. >>> back to our top story this morning. two days until the first presidential debate. both candidates are getting last-minute preparations. "the new york times" reporting that mitt romney is coming armed on wednesday night, writing this, mr. romney's team has concluded the debates are about creating moments and has equipped him with a series of zingers that he's memorized and habeen practicing on airds since august. president obama responded to that report last night with this. >> i know folks in the media are speculating already on who's going to have the best zingers. i don't know about that. who's going to put the most points on the board. governo
the europeans roaring bang from a 10-4 deficit late saturday to take a tuning 14 1/2 to 13 1/2 point win. germany's martin kaymer sank a putt on the final hole to seal the victory. honestly it was all lost well before that. europe has won the seven out of the last nine ryder cups. and soledad i don't know if you had a chance to watch this debacle. a debacle embarrassing. >> yes, it was killing my poor husband. all right, john, thank you. >>> back to our top story this morning....
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Sep 27, 2012
09/12
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they don't have a deficit reduction plan. they have a deficit expansion plan. [cheers and applause] >> reporter: now, this morning governor romney jumped on those new gdp figures, said it reinforces his charge that this country cannot afford another four years of president obama and that his five-point plan for the economy and jobs is the right prescription for this country. this is what he said. >> those five things i describe will get america's economy going again, will help people find jobs that need those jobs, will get take-home pay to come up again. this is not a mystery. we know how to do it, america has faced challenges before. when we have strong leaders, when we have people who know how to lead and where to get it -- we can get it done. and i am and we will. >> reporter: governor romney looking more toward the future and what this country would be like under a romney administration, making this as much about a choice as it has been so far about a referendum on the president. jon? jon: we are less than a week away, though, from the first presidential d
they don't have a deficit reduction plan. they have a deficit expansion plan. [cheers and applause] >> reporter: now, this morning governor romney jumped on those new gdp figures, said it reinforces his charge that this country cannot afford another four years of president obama and that his five-point plan for the economy and jobs is the right prescription for this country. this is what he said. >> those five things i describe will get america's economy going again, will help...
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Sep 27, 2012
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>> do you want four more years of trillion dollar deficits? [no!] >> 13 tkreut cal electoral votes in that state. 270 needed to win the white house. john roberts is live in springfield, virginia. what is governor romney doing there today. >> easy peering at the american legion hall talking to veterans and get the support of 42 medal of horn recipients and he'll talking about the effect of looming sequestration and defense cuts in virginia. the military is all across this air, in the washington area and no fork area. it is estimated that the sequestration defense cuts could result in the loss of as many as 65,000 jobs in small businesses related to the defense industry. this election campaign continues to be all about ohio and the jobs. governor romney is saying he is the one best positioned to help out the middle class, obama hammering romney for a lack of detail in his economic and tax plan, have a listen. >> no matter how many times they try to tell you they are going to start talking specifics really soon, they don't do it. and the reason is beca
>> do you want four more years of trillion dollar deficits? [no!] >> 13 tkreut cal electoral votes in that state. 270 needed to win the white house. john roberts is live in springfield, virginia. what is governor romney doing there today. >> easy peering at the american legion hall talking to veterans and get the support of 42 medal of horn recipients and he'll talking about the effect of looming sequestration and defense cuts in virginia. the military is all across this air,...
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Oct 2, 2012
10/12
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emphasizing the debt and the deficit is very important for a candidate to appeal to independents. mitt romney during the presidential primary here that he won convincingly eve emphasized that a great deal and i think that helped him with indianas. we are without a sales tax and income tax. people understand here that financial decisions have consequences. i can recall in 2000 when john mccain talked about the debt and the deficit the bush campaign at the time said what is he talking about? john mccain beat george bush here by 20 minutes in that prime rare re. bush retooled his message and barely won new hampshire by talking about the debt and the deficit. gregg: kevin in 2010 the last election there, if i understand it, if i recall correctly i think republicans won almost every office, but that doesn't mean it's going to happen that way this year, the pendulum could begin to swing in the other direction? >> that's correct. we had the largest republican sweep for a legislature of any state in the country in 2010. four years earlier in 2006 the democrats took control of the legislat
emphasizing the debt and the deficit is very important for a candidate to appeal to independents. mitt romney during the presidential primary here that he won convincingly eve emphasized that a great deal and i think that helped him with indianas. we are without a sales tax and income tax. people understand here that financial decisions have consequences. i can recall in 2000 when john mccain talked about the debt and the deficit the bush campaign at the time said what is he talking about? john...
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Sep 27, 2012
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. >> so i'm looking forward to working with republicans to reduce our deficit, but i refuse to ask middle class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut. we're not going to do that. >> romney has a lot of ground to make up in ohio. he trails the president by ten points in a new poll of ohio voters. >>> 15 before the hour now. we're learning about a security scare that took place while the president was campaigning in ohio earlier this mom. federal agents detained a man who they say ran through a roadblock while carrying several weapons. that incident happened in covington, kentucky. president obama's motorcade passed through that town on the way to cincinnati. the government says the man is in custody and he has a criminal record and had been declared mentally ill in the past. >>> a virginia community is pulling together after a family's murder-suicide in herndon. friends, co-workers and classmates attended a memorial at the family's church last night. police say 57-year-old albert peterson shot and killed h
. >> so i'm looking forward to working with republicans to reduce our deficit, but i refuse to ask middle class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut. we're not going to do that. >> romney has a lot of ground to make up in ohio. he trails the president by ten points in a new poll of ohio voters. >>> 15 before the hour now. we're learning about a security scare that took place while the...
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the romney campaign is firing back as in, hey, a humongous deficit is not patriotic. >> this is a land where economic freedom has allowed people to pursue their dreams and in doing so and achieving success, they lift us as a nation, they give us jobs, i will not apologize for success here and i will never apologize for america abroad. >> how's that for economic patriotism, whatever that is? so the talk back question for you this morning, is there such a thing as economic patriotism, facebook.com/carolcnn, your responses later this hour. >>> when we think of bounties in footll now we think of the new orleans saints. saints' head coach, sean payton is on the golf course instead of the football field this season after the nfl suspended him for his role in bountygate. a former assistant of another team says his players were offered cash for big hits on opponents. these weren't nfl players. they were 10 year-olds. here's casey wian. >> reporter: the 2011 red cobra's pop warner football team went undefeated in the regular season. >> this was a team that knew it was on the verge of greatness
the romney campaign is firing back as in, hey, a humongous deficit is not patriotic. >> this is a land where economic freedom has allowed people to pursue their dreams and in doing so and achieving success, they lift us as a nation, they give us jobs, i will not apologize for success here and i will never apologize for america abroad. >> how's that for economic patriotism, whatever that is? so the talk back question for you this morning, is there such a thing as economic patriotism,...
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Oct 3, 2012
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you're going to spend more money on defense, and you're going to cut the deficit all at the same time, and your answer is, i don't really have time. >> right,. [ laughter ] >> my 9-year-old niece in the fourth grade, she can't tell her teacher, you know, i don't have time to show you the math, trust me, this is the answer. it's not going to work. we want to hear from you 1-866-55-press. we're going to talk a little bit about paul ryan. we're going to talk a little bit about the debates answered we're going to hear a little bit more from mr. ryan as he talks about his -- as you talks about how he can't show us the math and how he has plans, failed plans for medicare cutting taxes and for america, right after this. >> on your radio and on current t.v., this is the bill press show. ♪ unrivaled analysis and commentary. >> you're going to hear that used as a major talking point. (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >>now that's politically direct. >> this is the bill press show live on your radio and current tv. >> good morn
you're going to spend more money on defense, and you're going to cut the deficit all at the same time, and your answer is, i don't really have time. >> right,. [ laughter ] >> my 9-year-old niece in the fourth grade, she can't tell her teacher, you know, i don't have time to show you the math, trust me, this is the answer. it's not going to work. we want to hear from you 1-866-55-press. we're going to talk a little bit about paul ryan. we're going to talk a little bit about the...
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Oct 3, 2012
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mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of different details of that proposal but i would also say that limiting deductions to $17,000 for middle-class families still results in a tax increase. even in just the health premium deduction, for families last year, were about $15,000. there you go. what happens to the mortgage deduction, charitable deduction, child deduction. he's raising taxes on middle class families. >> if this comes up and mitt romney starts to do that math that paul ryan wouldn't do, i'm sure this will be a topic of discussion. >> how worried are you about the jobs report on friday? >> we face this ev
mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of...
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Sep 30, 2012
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. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the biggest deficit in american history? >> it wasn't the biggest and he didn't inherit it. world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830
. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the...
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the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and the final point i would make is i think the important thing for this election is that braump has a 52 positive, 42 negative image. mitt romney has a negative image. only two have had a net negative image at this point and one of them loss, george h.w. bush and romney needs to improve that dynamic. >> democratic pollster. thank you very much to both of you. we have to get back in the field. let's keep poling. just two days away from friday's jobs report. we will get a quick preview on wall street on the market run down. and then we are taking a tr
the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and...
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world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. >> february 2009 that president obama doesn't want to take any credit for but it passed six months. >> he signed it into law. the stimulus was huge. he signed a spending bill shortly before in the spring of 2009. but even in the beginning of 2009 where he wants to throw it on all on president bush. this is when president obama was in senate. he voted for tarp. he had voted for the budget resolution that year. so he really has a hand in all of this spending. saw in that graph the big spike was in that year. >> let's take a look at spending numbers. spending tra
world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion...
SFGTV2: San Francisco Government Television
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Sep 29, 2012
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our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was excess. because the money flows in in a regular amounts, when money is good, everybody feels good. when $14 billion came in, they thought they were king of the mountain and spend it. arnold came in to clean it up. a couple years later, he left town and $26 billion this year. this has been the nature for the last decade, kicking the can down the road. not talking straight. the way it is. the way it is, it is a tale of two cities. there is fabulous wealth and link electronics, inc. model number: pdr-885 software version: 3.0c in some places it would be food or shelter or lov
our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was...
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Oct 1, 2012
10/12
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than you produce, but trade deficit was not a great concern, but over time with the deficit, that's going -- you'll pay for that one way or another. in the current campaign, one of the commercials broadcast in some of the battleground states like this area is the china commercial, mitt romney accusing president obama of allowing the chinese to cheat as it were, and that manufacturing jobs for the first time, more manufacturing jobs in china and the obama administration's responding. is that a fair fight? is that a fair issue? >> guest: you know, china has to live up to its obligations under the world trade organization like anyone else, but, you know, here we in the mall, washington monument there, white house there, constitution avenue. when you see the chinese feeling what really is of value, it's hiding in plain sight, the declaration of independence and the bill of rights, then you should start to worry, but if they cheat here and there, they take the next thing we produce because we have that incredible foundation here of rule of law, protection of property, and a wonderful soc
than you produce, but trade deficit was not a great concern, but over time with the deficit, that's going -- you'll pay for that one way or another. in the current campaign, one of the commercials broadcast in some of the battleground states like this area is the china commercial, mitt romney accusing president obama of allowing the chinese to cheat as it were, and that manufacturing jobs for the first time, more manufacturing jobs in china and the obama administration's responding. is that a...
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Oct 2, 2012
10/12
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fourth, a balanced plan to reduce our deficit by... four trillion dollars over the next decade, on top of the... trillion in spending we've already cut. i'd ask the wealthy to pay a little more. and as we end the war in afghanistan... let's apply half the savings to pay down our debt and... use the rest for some nation-building... right here at home. it's time for a new economic patriotism, rooted in the... belief that growing our economy begins with a strong... thriving middle class. read my plan. coare to governor romney's, and decide for yourself. thanks for listening. i'm barack obama and i approve this message. captioned by the national captioning institute --www.ncicap.org-- >> two bill passes middle school students suspended after a video shows competing another child on the school bus. the victim, a 12-year-old boy, said the studio brother is insulting and first and then they started throwing punches. his mother had no idea what happened until the video hit the internet then she alerted the school. >> i have been a big advocate if you nor your child is being bullied, let the sc
fourth, a balanced plan to reduce our deficit by... four trillion dollars over the next decade, on top of the... trillion in spending we've already cut. i'd ask the wealthy to pay a little more. and as we end the war in afghanistan... let's apply half the savings to pay down our debt and... use the rest for some nation-building... right here at home. it's time for a new economic patriotism, rooted in the... belief that growing our economy begins with a strong... thriving middle class. read my...
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Sep 27, 2012
09/12
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also president obama has been hammering away at romney's tax plan arguing it will add to the deficit. romney has called for cutting all tax rates by 20%. he also wants to eliminate taxes on capital gains and dividends for families who make less than $200,000. there was an independent analysis done by the nonpartisan tax policy center and it did find that romney's plan would drop tax revenues by $5 trillion. but romney has promised he won't add to the deficit because he'll pay for any tax cuts by limiting deductions for taxpayers especially the wealthy. so this isn't really a major break from what he said before. he's just kind of shifting the emphasis, playing up a different part of his plan. >> so deductions. what deductions would mr. romney limit? >> now, that is the $5 trillion question. we tonigdon't know. he has hinted he may scale back the mortgage deduction for wealthy homeowners. think about how many tax deductions are out there. charitable giving, he state and local taxes. it won't be politically easy to scrap any of them because they're popular. so that's why budget cruncher
also president obama has been hammering away at romney's tax plan arguing it will add to the deficit. romney has called for cutting all tax rates by 20%. he also wants to eliminate taxes on capital gains and dividends for families who make less than $200,000. there was an independent analysis done by the nonpartisan tax policy center and it did find that romney's plan would drop tax revenues by $5 trillion. but romney has promised he won't add to the deficit because he'll pay for any tax cuts...
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Sep 27, 2012
09/12
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that is getting to the deficit. if you cut back in too much in taxes the deficit will not get touched. he's trying to get the independents. and they said the crowd was overwhelming close to 4,000 >> steve: we would like you to e-mail us. do you think what the gop polster thinks there is it a media polling bias to stack the deck for the democrats or it is it. new york times cbs poll had mr. obama up by 10 points and local paper. columbus dispatch had him up by 5. and there in ohio. what does the governor think ohiians need from mr. romney? >> i think what romney needs to do. does he understand their problems. when he's out there he touches them. he has to touch as many people as he can and he has to keep coming back. he has to talk about policies and not people. it is it about lower tax less government and economic growth that landlords to jobs. only thing that matters is yobs and who ever can tell them in a swing state. i know how to create them and i will help your family and your kids are going back to work and th
that is getting to the deficit. if you cut back in too much in taxes the deficit will not get touched. he's trying to get the independents. and they said the crowd was overwhelming close to 4,000 >> steve: we would like you to e-mail us. do you think what the gop polster thinks there is it a media polling bias to stack the deck for the democrats or it is it. new york times cbs poll had mr. obama up by 10 points and local paper. columbus dispatch had him up by 5. and there in ohio. what...
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Sep 28, 2012
09/12
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CNBC
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tough budget deficit with 43 new rules in it. let's see how this works out. today, though, today is all about the banks. and today i'm just wondering following on from the chihuahua we saw earlier and if we're being sold a pup on the spanish market story because the banks will be told by the big four auditors that they potentially have shortfalls of capital of 62 billion euros. that's okay, though, because that's well within the parameters of the 100 billion euro credit line coming from the center of europe. but is this stress test strenuous enough, is it just a snapshot in time? because we still have a falling housing market. price down between 20% and 30% and no sign yet of that house price falls stopping. we've got deposit flight. if more deposits are taken out, they need more capital. there are concerns also about bad date. the latest figures from the bank of spain with 9.9% of debt in arrears. that's 169 billion euros. and then the thorny question of the bad bank. you may say they're all bad banks, but the bad bank is actually where are they going to put
tough budget deficit with 43 new rules in it. let's see how this works out. today, though, today is all about the banks. and today i'm just wondering following on from the chihuahua we saw earlier and if we're being sold a pup on the spanish market story because the banks will be told by the big four auditors that they potentially have shortfalls of capital of 62 billion euros. that's okay, though, because that's well within the parameters of the 100 billion euro credit line coming from the...
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Oct 2, 2012
10/12
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there have been so many economic failure failures, the failure to create jobs or bring down the deficit. >> kevin, i want to get to some smalls we have on latino likely voters, but i want to quickly ask you, why did governor romney wait to this point to bring this forward on immigration policy? >> well, kate, we've had a lot of discussions on this issue. i think this was an opportunity where a question was asked, specifically on that question, and the governor answered it. he did talk in expansive terms about immigration, what he would do to modernize the immigration system, how it's an important part of our economy. during his recent interview that he had with univision. and i think it will continue to be a part of this debate. >> kevin, i want to show you, we put up on our screen for our viewers some new polling we have out today, showing that president obama really has an overwhelming lead among likely latino voters. 70 to 26 for governor romney. are now aggressively courting the latino vote, are you expecting to get anywhere near or beyond what senator mccain got back in 2008, which
there have been so many economic failure failures, the failure to create jobs or bring down the deficit. >> kevin, i want to get to some smalls we have on latino likely voters, but i want to quickly ask you, why did governor romney wait to this point to bring this forward on immigration policy? >> well, kate, we've had a lot of discussions on this issue. i think this was an opportunity where a question was asked, specifically on that question, and the governor answered it. he did...
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Sep 27, 2012
09/12
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FBC
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and europe is we have a current account deficit in the u.s. if and when the bond tells us to get our act together, we are most vulnerable, in particular the dollar is most vulnerable and then yes we will act. but then it is going to be just as painful. connell: forced to act, money keeps coming in here rates couldn't be any lower than they are right now as the money floods into the united states as opposed to going out of it. the point is you don't see an october surprise, something out of europe that really upsets is blows up and becomes a big issue for our election? >> well, we we have a chronic condition in europe, you can consider it hurry up and wait or groundhog day. the euro is around 1.28. it is not at parity. so the market is getting used to it. the reason the market is getting used to it is because the head of the european central bank has imposed a process under the euro zone, it is a messy process, but we have to think about what standard do we hold politicians up to and policymakers and we have a mess in the u.s., in the u.k., in
and europe is we have a current account deficit in the u.s. if and when the bond tells us to get our act together, we are most vulnerable, in particular the dollar is most vulnerable and then yes we will act. but then it is going to be just as painful. connell: forced to act, money keeps coming in here rates couldn't be any lower than they are right now as the money floods into the united states as opposed to going out of it. the point is you don't see an october surprise, something out of...
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debate can any amount of rhetoric fill the gaps in their deficit plans and where is the country headed without sound mass slowing down money we'll hear from blogger author and radio host karl denninger of the markets are on that and while the budget plans the presidential candidates may not add up we already know the lack of government planning has the u.s. poised for this. fiscal cliff looming the fiscal cliff it's looming gorged partisan politics could push america over of this cliff. but daunting name and the right side what exactly does this entailed one break down the potential damage and word of a day and give you a glaring example of the wasteful costs of political uncertainty all ready documented plus we have a potpourri of manufacturing data out some points to opposite directions for the u.s. and of fluid it points to negative. outcomes in europe are gas will help us make sense of these ingredients and tell us why he thinks the u.s. recession is already baked into the cake let's get to today's capital account. so income obama and. mitt romney are getting ready to face off in t
debate can any amount of rhetoric fill the gaps in their deficit plans and where is the country headed without sound mass slowing down money we'll hear from blogger author and radio host karl denninger of the markets are on that and while the budget plans the presidential candidates may not add up we already know the lack of government planning has the u.s. poised for this. fiscal cliff looming the fiscal cliff it's looming gorged partisan politics could push america over of this cliff. but...
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is still part of cope with its own deficit struggling to reduce that deficit in catalonia about forty billion euros but here they say they've made deeper and tougher cuts than anywhere else in spain this issue actually earlier this month or so about a million people onto the streets in barcelona is a call for independence away from madrid because a very tough time for spain as a whole particularly for the government of prime minister rudd hordes as one m.p.'s dubbed it is a crisis on top of a crisis as they're facing their own problems of deficit reduction and people coming out to the streets in their tens of thousands to protest against how the government is handling austerity measures. we've just seen this week protests turned violent the occupy congress movement which started peacefully aim to get a message of and just terribly through choice piece and ended in violence of police pushing back the protesters with a big hit by battens having robots their direction and it's also about sixty people were injured in proceedings about thirty people being detained as a worrying sign for so
is still part of cope with its own deficit struggling to reduce that deficit in catalonia about forty billion euros but here they say they've made deeper and tougher cuts than anywhere else in spain this issue actually earlier this month or so about a million people onto the streets in barcelona is a call for independence away from madrid because a very tough time for spain as a whole particularly for the government of prime minister rudd hordes as one m.p.'s dubbed it is a crisis on top of a...
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Sep 30, 2012
09/12
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CNNW
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so as a deficit, romney has a plan but it's a secret. the republican party has imposed a new kind of political correctness on their leaders. they cannot speak certain words, taxes, speculate about certain ideas, a path to citizenship, because these are forbidden. romney has tried to run a campaign while not running afoul of his party's strictures. as for himself he's twisted himself into a pretzel, spoken vacuously. that's a straightjacket even peggy noonan's eloquence can't get him out of this. for more on this, read my "washington post" column this week on cnn.com. >>> for eight years mahmoud ahmadinejad has come to the u.n. general assembly and every time he's caused controversy, making accusations. veiled threats. this year was different. it was mostly platitudes about world peace but he had plenty of sharp comments in a series of interviews. his conversation with me was his final one. perhaps his final one on the world stage. you see, iran's election law says he can't run again and elections are set for 2013. so i asked him about is
so as a deficit, romney has a plan but it's a secret. the republican party has imposed a new kind of political correctness on their leaders. they cannot speak certain words, taxes, speculate about certain ideas, a path to citizenship, because these are forbidden. romney has tried to run a campaign while not running afoul of his party's strictures. as for himself he's twisted himself into a pretzel, spoken vacuously. that's a straightjacket even peggy noonan's eloquence can't get him out of...
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Oct 1, 2012
10/12
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MSNBC
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we can create jobs, we can deal with the federal deficit, and, yes, we can have a foreign policy where we stabilize these parts of the world if we'll just act in the traditions of bipartisan foreign policy since world war ii. i think that's going to be his basic message. >> in the op-ed there was a phrase used, soft power. i guess what does that mean? what would they have done differently with libya? >> well, here's what should have happened. first, ideally you anticipate the arab spring. if you can't do that, when it happens you set forth a very clear vision of where the region ought to go, in the direction of a constitutional government. you actually get involved in these countries. you learn the elements that want those things. you support them and give them credibility. you identify the elements that don't want those things. you oppose those. you actually use the tools. >> do you think the united states should take a stand in open den dmitri caratic elections in a place like egypt? >> we should set forth a vision and identify and give credibility to the country that has those. you
we can create jobs, we can deal with the federal deficit, and, yes, we can have a foreign policy where we stabilize these parts of the world if we'll just act in the traditions of bipartisan foreign policy since world war ii. i think that's going to be his basic message. >> in the op-ed there was a phrase used, soft power. i guess what does that mean? what would they have done differently with libya? >> well, here's what should have happened. first, ideally you anticipate the arab...
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Oct 3, 2012
10/12
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it does not do anything if the deficit we have had. you give the bigger growth to the federal government. we have to have policies that provide the certainty to the private sector, the policies that enable them to grow. again, this is not saying we don't need any regulation but we need to have smart regulations. in california dairy year 2011, 71,000 pages of new regulations were institutessed. the people in the coal industry, when you look at what has happened to them when we could not get cap and trade moved through they are getting decimated. we have to have a vision like ronald reagan said, talking about a new dawn for this american economy. >>neil: congressman, you are among those who were brought in, in the republican avalanche that brought in 83 republicans and that tipped the house of representatives to the republicans and made john boehner speaker. you are in a race if your life with an ad everyone is talking about. the fact of the matter is, republicans seem to not have quite that same wind behind their back. they might get it
it does not do anything if the deficit we have had. you give the bigger growth to the federal government. we have to have policies that provide the certainty to the private sector, the policies that enable them to grow. again, this is not saying we don't need any regulation but we need to have smart regulations. in california dairy year 2011, 71,000 pages of new regulations were institutessed. the people in the coal industry, when you look at what has happened to them when we could not get cap...
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Oct 1, 2012
10/12
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but, those who support obama say the president is more likely to reduce the deficit, to cut entitlement spending like social security, but once again, just not a lot of excitement for either person. which is kind of sad. >> let's talk about excitement on the dow. let's show the stocks because they have been rallying since this morning, what is it -- up 121 points now. got a pretty important report on the manufacturing sector. what do we need to know? >> so what we got was the granddaddy of manufacturing reports and what it showed is that manufacturing is back in expansion territory, the sector is growing again. that could help boost the economy. this is notable because it comes after three months of contraction in manufacturing. also, you look at china, manufacturing in china, in europe, it is going backwards it contracting. sobucking the trend. a good surprise for the u.s. manufacturing is what helped get us out of the recession in 2009. we saw activity picked up, hiring picked up. we saw the trend continuing. we want to see that continue to help the economy move forward. with a lot mo
but, those who support obama say the president is more likely to reduce the deficit, to cut entitlement spending like social security, but once again, just not a lot of excitement for either person. which is kind of sad. >> let's talk about excitement on the dow. let's show the stocks because they have been rallying since this morning, what is it -- up 121 points now. got a pretty important report on the manufacturing sector. what do we need to know? >> so what we got was the...